Odaily Planet Daily News ING said that even if the US PCE data confirms the Federal Reserve's expectations of a 100 basis point rate cut by the end of the year, the dollar is unlikely to fall sharply. "In the short term, the dollar does not seem to be expected to fall sharply," said Francesco Pesole, an analyst at ING, in a report. He said that the market's confidence in the Fed's loose policy has led the Fed to appear more confident in cutting interest rates soon, and the biggest part of the dollar's decline may have already occurred. He said that the US Labor Day holiday approaching next Monday may be conducive to range trading on Friday. (Jinshi)